WINSTON-SALEM,
N.C., June 20,
2017 /PRNewswire/ -- BB&T Corporation
(NYSE: BBT) today announced it has officially renamed the former
Susquehanna Commercial Finance (SCFi) unit as BB&T Commercial
Equipment Capital (CEC). The bank completed its acquisition
of Susquehanna Bancshares Inc. (NASDAQ: SUSQ) effective
Aug. 1, 2015. Since the acquisition,
SCFi has operated as a division of Branch Banking and Trust Company
and will continue to do so.
"We are excited to announce our change to the BB&T
brand and leverage the superior value of its reputation. BB&T
offers a wide breadth financial products and services and as one of
the world's strongest banks, it provides our company a solid and
stable platform for sustainable growth," said CEC President
Robert Boyer. "With a majority of
the merger-related processes behind us, we are now able to focus on
executing the growth strategy for the business."
Founded in 1998, CEC is a specialized team of 72 client
service professionals who manage more than $1 billion in assets. The group provides
financing for commercial equipment and software nationally for
businesses, nonprofits and municipalities. They prefer to think of
themselves as generalists although the sales team has specialties
in vendor, health care, franchise, industrial equipment and
transportation. The team is based in Malvern, Pa., and originates loans and leases
in all 50 states.
About BB&T
BB&T is one of
the largest financial services holding companies in the U.S. with
$220.5 billion in assets and market
capitalization of $36.3 billion as of
March 31, 2017. Building on a long
tradition of excellence in community banking, BB&T offers a
wide range of financial services including retail and commercial
banking, investments, insurance, wealth management, asset
management, mortgage, corporate banking, capital markets and
specialized lending. Based in Winston-Salem, N.C., BB&T operates more
than 2,100 financial centers in 15 states and Washington, D.C. A Fortune 500 company,
BB&T was recognized as one of Forbes' 2017 Best Banks in
America and is consistently recognized for outstanding client
service by Greenwich Associates for small business and middle
market banking. More information about BB&T and its full line
of products and services is available at BBT.com.
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SOURCE BB&T Corporation